Birla Corporation Limited has announced the full redemption of its 500 Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs), Series-VII. The redemption, amounting to ₹4,00,00,000/- each at maturity on September 14, 2026, included applicable interest of ₹1,86,01,371/-. Following this, the company has no outstanding NCDs.
Birla Corporation Completes Debenture Redemption
Birla Corporation Limited has successfully redeemed all its outstanding Series-VII Non-Convertible Debentures (NCDs). The company confirmed the full redemption of 500 Secured, Rated, Listed, Redeemable NCDs on their maturity date, September 14, 2026.
Financial Details of Redemption
These debentures, originally issued with a face value of ₹10,00,000/- each, had an aggregate outstanding face value of ₹4,00,00,000/- (ISIN: INE340A07092). In addition to the principal repayment, Birla Corporation also paid applicable interest amounting to ₹1,86,01,371/-, inclusive of TDS.
Zero Outstanding Debt
With this redemption, Birla Corporation Limited now has no outstanding NCDs as of the reporting date. This signifies a significant reduction in its debt obligations related to these specific instruments and a cleaner balance sheet concerning this debt class.
Source: BSE
